Alpine Woods Capital Investors, LLC, investment advisor to the
Alpine Funds, today released a podcast
(https://www.webcaster4.com/Webcast/ListenPage?companyId=1589&webcastId=22131)
on the firm’s 2Q 2017 Review and Outlook for its Closed-End Funds
and continued optimism for significant opportunity within its
closed-end funds. The firm’s CEO Sam Lieber and three portfolio
managers of its real estate and dividend funds review the markets
and the economy for the past quarter and discuss which signposts or
events they are anticipating in the coming three to six months.
“ We think that we are in a relatively modest growth, relatively
low interest rate, relatively benign inflationary environment which
should be positive for earnings growth” said Sam Lieber, founder
president and CEO of Alpine Woods Capital Investors. “In
particular, we think that commodities prices will continue to stay
low, this suggested by global productive capacity, which is still
in excess, will not lead to materially rising producer prices and
that in combination with again steady sustained moderate economic
growth that we are going to see the overall prospect for earnings
both in the U.S. and internationally continue to improve.”
This continued environment of increased economic activity may
benefit Alpine’s Global Dynamic Dividend Fund (NYSE: AGD) and Total
Dynamic Dividend Fund (NYSE: AOD), which invest in companies that
have shown the ability to pay dividends, have strong cash flows and
demonstrate the ability to grow earnings.
“We think the outlook for dividends across the world is very
promising for a couple of reasons. Corporate balance sheets
are healthy, margins are at near peak levels and the conversion
rate of earnings to free cash flow is at a record.” said Brian
Hennessey, co-portfolio manager of Alpine’s dividend funds. “More
and more companies are paying dividends. We think that we will
continue to see the initiations of new dividends as cash piles up
on balance sheets.”
Joel Wells, co-portfolio manager of the Alpine Global Premier
Properties Fund (NYSE: AWP), discussed how the Fund has performed
over the past quarter “The Fund performed quite well.
Underpinning some of that outperformance was really the
performance in the developed markets… and the tilt towards cyclical
plays versus interest rate sensitive help benefit the fund.”
“When we evaluate the positioning of the fund(s) we generally
look at signposts in three broad categories; the political, the
central bank, and then the operating fundamentals of global real
estate” explains Joel Wells.
“We continue to reduce our overweight position in the U.S. and
continue to increase our overweight position in Europe as we talked
about at the prior call. Europe continues to have faster earnings
growth than the United States and it also trades at a discount to
valuations, based on P.E. or projected P.E. over the next several
years. So we still like Europe and we still continue to overweight
it.” said Josh Duitz, co-portfolio manager of Alpine’s dividend
funds.
The podcast is available for download at
(https://www.webcaster4.com/Webcast/ListenPage?companyId=1589&webcastId=22131)
.
To learn more about the funds please visit our website
www.alpinefunds.com or call us at 1-800-617-7616.
An investment in these Funds presents a number of risks and is
not suitable for all investors. Investors should carefully review
and consider potential risks before investing. An investment in the
Funds’ common shares is subject to investment risk, including the
possible loss of the entire principal amount that you invest. Your
investment in common shares represents an indirect investment in
the securities owned by the Fund most of which are traded on a
national securities exchange or in the over-the-counter markets.
The value of these securities, like other market investments, may
move up or down, sometimes rapidly and unpredictably. Your common
shares at any point in time may be worth less than your original
investment, even after considering the reinvestment of Fund
dividends and distributions.
Other risks associated with investing in AOD and AGD include,
but are not limited to, risks involved with smaller and medium
sized companies, illiquid, foreign and restricted securities, and
short-term trading. The Funds’ strategy of investing in
dividend-paying stocks involves the risk that such stocks may fall
out favor with investors and underperform the market. In addition,
there is the possibility that such companies could reduce or
eliminate the payment of dividends in the future. The Funds may
hold securities for short periods of time related to the dividend
payment periods and may experience loss during those periods.
Risks associated with AWP include, but are not limited to, risks
involved with foreign securities which will involve greater
volatility and political, economic and currency risks and
differences in accounting methods. Because real estate funds
concentrate their investments in the real estate industry, the
portfolio may experience more volatility and be exposed to greater
risk than the portfolios of many other mutual funds. Risks
associated with investment in securities of companies in the real
estate industry may include: declines in the value of real estate,
overbuilding and increased competition; increases in property taxes
and operating expenses; changes in zoning laws; casualty or
condemnation losses; variations in rental income, neighborhood
values, changes in interest rates and changes in economic
conditions.
Earnings growth is not representative of the Funds’ future
performance. Mutual fund investing involves risk. Principal loss is
possible.
More information about the Funds is available on
www.alpinefunds.com.
Based in Westchester, New York, Alpine Woods Capital Investors,
LLC was founded in 1998.
Investor Contact: Patrick Coyne, Alpine Woods Capital Investors,
LLC, 914.251.0880
The views expressed are as of the date specified and are subject
to change based on changes in market, economic and other
conditions. These opinions are not intended to be a forecast of
future events, a guarantee of future results or legal, tax or
investment advice
This release contains forward-looking statements based on
currently available information. The Funds’ actual results could
differ materially from those anticipated due to various risks and
uncertainties. Alpine Total Dynamic Dividend Fund, Alpine Global
Dynamic Dividend Fund and Alpine Global Premier Properties Fund are
closed-end funds and do not continuously offer or redeem shares.
The Funds trade in the secondary market and investors wishing to
buy or sell shares must place orders through a financial
intermediary or broker.
To read about the Funds, access the Annual and Semi-Annual
Reports in the Related Documents section of the website,
www.alpinefunds.com, or call 1-800-617-7616 to receive a copy of
the annual and semi-annual reports by mail. An investor
should consider the investment objectives, risks, charges and
expenses carefully before investing.
Alpine Woods Capital Investors, LLC advises Alpine’s closed-end
funds. Quasar Distributors, LLC provides filing
administration for Alpine’s closed-end funds. The Funds are
not bought or sold through Quasar Distributors.
Attachments:
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/f1ae1e29-4aab-4fa4-a500-9f9cadcb3d0e
Patrick Coyne
Alpine Woods Capital Investors, LLC
914.251.0880
pcoyne@alpinefunds.com
abrdn Global Dynamic Div... (NYSE:AGD)
Historical Stock Chart
From Aug 2024 to Sep 2024
abrdn Global Dynamic Div... (NYSE:AGD)
Historical Stock Chart
From Sep 2023 to Sep 2024